The nuclear energy sector comprises companies involved in the production of nuclear power and related technologies. These firms range from uranium miners to nuclear plant operators and equipment manufacturers. Nuclear energy stocks represent ownership in these companies traded on public exchanges. The sector has gained renewed attention due to its potential role in reducing carbon emissions. Nuclear power offers a reliable, low-emission source of baseload electricity.Investing in nuclear energy stocks can p ...

Interest in uranium stocks is blowing up.Uranium stocks are glowing green on Friday, and they have Constellation Energy to thank for it. This morning, the electric utility giant announced plans to restart Unit 1 at the Three Mile Island nuclear power plant by 2028, in order to supply power to Microsoft data centers.In no time flat, shares of uranium mining stocks such as Energy Fuels, Uranium Energy, and Denison Mines began powering up. None went so far as Cameco Corporation (CCJ 7.52%), however, which as o ...

There has been lots of press, including Seeking Alpha articles, about the commercial nuclear renaissance. For instance: China is increasing its planned nuclear operations. Small Modular Reactors are under development by a number of worldwide companies. The US administration isAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CCJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensati ...

Uranium demand is projected to outstrip supply as the world races to expand nuclear energy almost overnight. The U.S. in late 2023 headed up a coalition of countries across four continents pledging to triple nuclear energy capacity by 2050.The Bull Case for Uranium  The rapid revival of nuclear power sent uranium prices to their highest levels in over 15 years, soaring from $30 at the start of 2021 to $100 in January 2024. Despite a pullback, uranium prices hover around $80, up roughly 60% since the start o ...

文章核心观点 - 加拿大铀矿公司Cameco股票在过去3年内取得了186%的总回报率,并入选了多伦多证券交易所(TSX)的TSX30 2024年度最佳表现股票榜单 [1] - 如果俄罗斯限制铀出口,可能会推动铀价反弹,从而为Cameco等铀矿公司带来更多收益和利润 [2][3] - 投资者正在预期铀价会反弹,因为哈萨克斯坦国有铀矿公司Kazatomprom已经下调了2025年的铀产量目标 [3] 公司相关 - Cameco是一家实力雄厚的铀矿公司,在行业内有很强的地位,且财务状况良好 [3] - Cameco已经看到来自铀燃料买家的长期合同有所增加,铀价反弹将是其最大利好 [3] 行业相关 - 俄罗斯是全球第六大铀生产国,如果限制出口,将影响全球铀供给,有助于铀价回升 [2] - 铀价目前处于2023年11月以来的最低水平,主要担心供需失衡 [2] - 哈萨克斯坦是全球最大的铀生产商,其产量调整对铀市场有重大影响 [3]

The latest trading session saw Cameco (CCJ) ending at $37.04, denoting a +0.22% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 1.16%. Meanwhile, the Dow gained 1.2%, and the Nasdaq, a tech-heavy index, added 1.16%.Prior to today's trading, shares of the uranium producer had lost 6.55% over the past month. This has lagged the Basic Materials sector's loss of 0.87% and the S&P 500's gain of 3.48% in that time.The investment community will be closely monitoring the performan ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Cameco (CCJ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cameco currently has an average brokerage recommendation (ABR) of ...

Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc ...

财务数据和关键指标变化 - 公司第二季度表现良好,生产目标进度超预期,但仍维持全年指引不变 [42][43][44] - 公司燃料服务部门上半年受到临时性生产问题影响,UF6产量目标从12,000吨下调至11,000-11,500吨,但整体燃料服务产量指引不变 [29][30] - 公司在哈萨克斯坦的Inkai项目由于硫酸供应持续受限,第二季度和上半年产量均低于去年同期 [31] 各条业务线数据和关键指标变化 - 公司主要生产设施MacArthur River和Key Lake表现出色,第二季度产量超预期,公司正在评估是否可以进一步提升产能至25百万磅 [42][43][44][47][48] - 公司燃料服务部门受到临时性生产问题影响,UF6产量目标下调,但整体燃料服务产量指引不变 [29][30] - 哈萨克斯坦Inkai项目产量受硫酸供应限制而下降 [31] 各个市场数据和关键指标变化 - 由于美国政府对俄罗斯铀实施禁令以及豁免许可审批过程的不确定性,导致美国和部分国际电力公司谨慎采购 [24][25][26] - 长期合同签订量较去年同期大幅下降,但公司长期合同组合继续增加,未来5年平均承诺量从28百万磅增至29百万磅 [27][28] 公司战略和发展方向及行业竞争 - 公司坚持以营销、运营和财务为导向的策略,选择性地提供铀精矿和UF6产品,维持合同组合的上行潜力和下行保护 [22][23] - 公司正在评估扩大MacArthur River和Key Lake产能至25百万磅的可行性,以满足未来需求 [28] - 公司对哈萨克斯坦政府突然大幅提高矿产资源税的做法表示担忧,这将大幅提高哈萨克斯坦生产成本,影响全球供给成本曲线 [32][33] 管理层对经营环境和未来前景的评论 - 管理层认为核电需求前景依然看好,受到各界广泛支持,将推动铀及核燃料全产业链的长期需求增长 [14][15][16][17] - 但资本市场短期内对相关行业普遍悲观情绪,导致铀及核电股价承压 [15] - 管理层对哈萨克斯坦政府突然大幅提高矿产资源税表示担忧,认为将大幅提高成本,影响全球供给 [32][33] 其他重要信息 - 公司与工会签订了新的3年集体协议,MacArthur River和Key Lake协议有效期至2025年12月,燃料制造部门协议有效期至2027年6月 [30] - 公司执行团队发生变动,Alice Wong退休,Rachelle Girard接任首席企业官,Cory Kos接任投资者关系副总裁 [39] - 公司计划在10月到期的基础发行额度到期后,重新申请新的基础发行额度,为未来提供更大的财务灵活性 [37] - 公司在Westinghouse的投资表现符合预期,预计2024年EBITDA将达到4.45-5.10亿美元,未来5年EBITDA年复合增长率预计为6%-10% [38] 问答环节重要的提问和回答 问题1 **Alexander Pearce 提问** MacArthur River和Key Lake在第二季度的出色表现,是否意味着公司有可能超出全年产量指引 [42][43][44] **Tim Gitzel 回答** 公司目前生产进度超预期,但不会轻易做出超产的承诺,因为过去曾经出现过临时性生产问题,会谨慎评估是否可以持续提升产能 [43][44][47][48] 问题2 **Neil Mehta 提问** 公司在哈萨克斯坦Inkai项目面临的硫酸供应问题和新的矿产资源税政策,对该业务的短期产量和利润率会产生什么影响 [51][52][53] **Tim Gitzel 和 Grant Isaac 回答** 公司一直与哈萨克斯坦保持良好关系,但新的矿产资源税政策出台让公司感到非常担忧,会与合作伙伴进一步沟通。硫酸供应问题也给Inkai项目带来一定不确定性。总的来说,哈萨克斯坦的不确定性因素增加,但公司的多元化产品组合可以抵消部分影响 [52][53][64][65] 问题3 **Ralph Profiti 提问** 公司是否会与哈萨克斯坦政府单独或者与其他公司联合游说,就新的矿产资源税政策表达担忧 [60][61] **Tim Gitzel 和 Grant Isaac 回答** 公司将与哈萨克斯坦政府及Kazatomprom公司直接沟通,了解他们的考虑。同时公司也预计其他在哈萨克斯坦有业务的公司也会就此表达担忧。公司认为哈萨克斯坦政策变化对整个行业都有重大影响,体现了全球铀供给成本曲线的上移,这对公司的稳定供应能力是有利的 [61][62][63][64][65]

It’s time to buy and hold long-term uranium stocks.For one, the supply-demand situation is only getting worse. The Russian uranium ban goes into effect on August 1. And the government of Kazakhstan just increased its extraction tax, which will limit supply growth. Two, with the artificial intelligence boom showing no signs of slowing, uranium could help fuel energy needs.Plus, as noted by Wells Fargo, after years of flat power growth in the U.S., electricity demand could grow as much as 20% by 2030. Again, ...